$ADA /USDT BEARISH SETUP – SUPPLY ZONE REJECTION CONFIRMS SELL PRESSURE
Cardano has failed to hold above the key resistance zone around 0.6213, leading to a fresh wave of selling pressure. Price action shows a clear rejection at the upper supply zone and a break below trendline support. This confirms bearish intent as the structure shifts downward with lower highs and consistent rejection from the top.
Trade Setup (Short Entry):
Entry: 0.6140
Take Profit: 0.6033
Stop Loss: 0.6215
Market Outlook:
With sellers gaining control near resistance, and multiple rejections from the horizontal zone, further downside is expected unless strong bullish volume reclaims 0.6215. The structure favors short positions with cautious risk management.
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